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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, Flat 34, Newmill House is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 448 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 34, Newmill House is £236,189 and the estimated rental value is £1,466 per month.
The apartment is within Newmill House, Devas Street, London, E3.
Devas Street, London, E3 is located in the borough of Tower Hamlets within the E3 postal district.
Flat 34, Newmill House has a single entry in the Land Registry from June 2014 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 34, Newmill House is in very good condition we estimate a sale value of £247,998 and a rental value of £1,540 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £219,656 and a rental value of £1,364 per month.
Over the last 12 months the sale value of Flat 34 Newmill House has decreased by an estimated £6,299 (2.7%) and its rental value has increased by an estimated £67 per month (4.5%), giving an expected gross yield of 7.4%.
According to HM Land Registry, Flat 34, Newmill House was last sold on 18th June 2014 for £243,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since June 2014, the market for similar properties has risen 9.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 34, Newmill House within a radius of 260 metres over the last 2 years.
The most recent example is Flat 46, Biscott House, Devas Street, London, E3 3LZ, a leasehold flat which sold for £162,000 on the 13th August 2024.
Read more about house prices in E3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Devas Street, London, E3 has a total of 235 addresses. According to our analysis of all the public data, Flat 34, Newmill House is the 210th largest and the 204th most expensive property on the street.
When compared to the postcode district it is £211k less expensive than the average property in E3.
The nearest school is Marner Primary School which is 99 metres away. The nearest train station is Bromley-by-Bow which is 200 metres away.
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